LSEG FX Close to Peaks in March
Posted by Colin Lambert. Last updated: May 1, 2026
LSEG has finally released FX volume data for March, indicating the firm saw activity close to recent highs in both spot and non-spot products.
Average daily volume (ADV) across its venues in spot FX was $137 billion in March, just shy of the $141 billion it saw in March 2020 and the onset of the pandemic. This is up 28% from February and up 15.3% year-on-year – increases that are largely in line with those reported by CME’s EBS at the start of April.
Non-spot ADV was $460 billion in March, just shy of the record high $462 billion seen in September 2025, and up 8.25% on both a month-on-month and year-on-year basis. Whilst then-Thomson Reuters did not report non-spot volumes when spot activity on the venues were are their peak around 2010, this is likely to be the highest month in terms of total FX ADV across the venues.
